Stop Trading - page 3. | Bitcointalksearch.org

Litzki1990

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Quote from: RioBlemz on October 13, 2023, 01:52:44 AM

Quote from: Litzki1990 on October 13, 2023, 01:44:50 AM

A trader has to think about all aspects of trading. If a trader is regularly losing in trading then he must understand that there is something wrong in his trading strategy due to which he is not able to succeed in trading. Where there are mistakes in his trading strategy must find those mistakes and work on those mistakes. Professional traders who have no anger emotion or pride in their work will only try to work through their skills. Emotions anger is not business with these, to be successful in business you need to have understanding of business you don't have anger or emotions. Risks must be taken but in the right coin, one must be patient and not invest in the wrong place.

Well said. Strategy in trading is built with in time and you must have back tested it to be sure of its working ability. The thing is that we are much in a haste that we are not observant of what is going on in the market. Professional traders have learnt with experience not to panic and to stay put with there analysis. Study the instrument, study the coin, study the chart, know the right strategy to adopt.

An experienced trader sees trading as difficult as a new trader sees trading as easy and this is the big problem. Trading is never easy, there is a lot to know about trading, a lot to learn, a lot to observe. Those of us who think we will buy coins with dollars and sell them when the price rises a little are wrong. Trading is not so easy. An experienced skilled trader observes the volatility of the market by observing candlesticks and closely observes the market chart, after observing so much a trader decides to trade. Experienced and skilled traders trade with so much thought, they lose very little time by trading, but we who are new traders who do not believe in learning about the market, those traders lose money by trading.

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Quote from: bettercrypto on October 21, 2023, 05:57:32 PM

If I base it on the title made by OP, it's simple: if you can't get profit from trading, it means stop; don't force yourself to trade.

Yeah, well, there are those who are hooked on it just like those who are hooked on gambling. In fact, day trading and gambling have a similarity, with the difference that some day traders make money but in terms of problematic behavior the rush that gives you the next rise or fall of the market is similar to the rush of the next bet.

Short-term trading is not for everyone, you have to have a lot of knowledge and dedication and enough emotional control not to be one of the great majority that lose money.

taufik123

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Quote from: bettercrypto on October 21, 2023, 05:57:32 PM

-snip-
It's very simple: if we are repeatedly not making money in trading, we should change the tactics we use in our trading activity.

Basic trading knowledge is necessary, sometimes they just want the benefits but are too lazy to learn how trading can work and can provide profits.

Usually, they are influenced by some influencer ads that look easy to trade.
Buying and then getting big profits.
But it's not that easy, it takes analysis and some strategies to be able to get consistent profits.

Indeed, there are some people who do trading to get a decent profit without good trading knowledge.
It's certainly just luck, but luck doesn't keep coming.

bettercrypto

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If I base it on the title made by OP, it's simple: if you can't get profit from trading, it means stop; don't force yourself to trade. Besides that, it's like you don't have common sense and don't notice that your tactics are not effective.

As traders, we must learn something from our actual experience, whether it is good or bad, about what we faced in trading. It's very simple: if we are repeatedly not making money in trading, we should change the tactics we use in our trading activity.

Traderbtcc

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You know, there's this saying that goes, "Not trading is also trading." Taking breaks and knowing when to stop is just as important as actively trading. Trading psychology is often overlooked, but it plays a big role in being profitable. The factors you mentioned are all part of the psychological aspect of trading, and it's crucial to avoid trading under those circumstances. A losing streak can really mess with your mindset, so taking a break allows you to analyze your strategy, correct mistakes, and regain confidence in your trades.

AicecreaME

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I agree to all of what you've said, especially about when the market is not favourable to trade.

Most of newbies force themselves to make a profit even though the market is complicated to analyze, leading to a series of lose trades and emotional damage. That's where everything will become uncontrollable because of too much going on with a trader's mind. This is when trading randomly starts without any technical analysis involve, just a random trade to chase losses that will only lead to more losses and devastating experience because of lack of plan and self-control.

Tolino

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Quote from: Natalim on October 18, 2023, 04:27:55 PM

The only thing that I can say is to Stop Trading if it never works for you.

I agree.
There are aspiring traders that think that it is for them but it's just not. They try hard and despite the losses they get, they're still hanging on and trying their best to stay.
But a time will come that they will realize that trading isn't for everybody. It could be for the other successful folks that they see and trades like a beast but if it's not for them, it's best not to say on it and try something more significant to your hobbies and along with your self interest other than trading.

Natalim

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The only thing that I can say is to Stop Trading if it never works for you. We can't simply assume that if some people become successful in trading, we can also be successful as well because we are not the same - our thinking and decision making is pretty different whether we like it or not. That is why even we use his strategies and ask his advice but when doing it alone, the results are truly different and that is because we differ in making decisions, especially in a crucial time.

DVlog

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Quote from: GeorgeJohn on October 17, 2023, 03:52:00 PM

Op theirs something I will you to understand concerning trading, basically trading is all about your determination and it's also like that in bitcoin investment, because whosoever that investment in bitcoin have it in mind that either they make profit during the process or they invest without gaining profits.

Someone who is a trader knows the risks that is involve in trading, one thing about trading is that is not something someone can force you to venture into, it a personal decision or intension of someone to involve in trading, and before you join a trading you know quite well that it deals with skill and you have to learn very well before you risk your money in trading.

Trading is not all about determination only. Its about patience, courage to take risks when opportunities arrive, identify investment potential, admit and learn from mistake etc too. Its a mix of many things and a combination of all this can make you a professional trader. Trading is like a business where you take risks with your investment. Your business needs your dedication and hard work to grow.

Quidat

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Quote from: lixer on October 17, 2023, 02:03:50 PM

Quote from: Vaculin on October 10, 2023, 04:53:47 PM

You know, you will definitely know that it’s time to stop trading when your losses have outnumbered your winnings. Trading is not like gambling that you are always bound to lose, but it can even give you bigger chances of making you in profits especially if you have the knowledge and skills to trade. But not everyone is as good as the other. Some traders are experiencing the best of their trades, while others are living miserably with trading. If you are feeling like trading is not helping you at all, then better leave trading for good while your losses are still in controlled.

In trading, it's important to have different strategies and constantly improve the existing ones that we are using because the market is changing from time to time. Trading is not like gambling where we can experience a fun. There is a thrill but I think trading is like a career which goal is to give us a profit. If it doesn't work this way, we need to quit on it before we lose more money. I only like to look back on what you have said earlier about gambling.

If you see gambling as a way to make a profit, chances are that you will mostly lose huge amounts of money. Gambling is not like that, and it's not built only for us to lose because in exchange of the money that we spend, we get entertainment.

Would really be a continuous learning on which these mistakes would really be acting like a stepping stone for you to make yourself more that better because it would really be making yourself wary on your next move and since you do already have the idea on what you are doing due to those possible similar experience which you do already have the idea on how to deal from it.
Stopping on trading will really be just that very suggestable on the time that you are having that kind of emotion problems on which you do find out that you cant think up that well anymore
or really that boggled on what you are dealing with on which there are really moments or times that you cant understand a thing.

Just like on gambling on which on the time that you do see that you are experiencing consecutive loss then it would be always ideal that you should really call it a day or simply stopping.
There's no way that it could really be that ending up on a good situation if you do keep pushing on the time that things turns out to be messy on which there are
indeed moments to be like this and needed up to avoid and its not bad to take up some break.

RioBlemz

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Quote from: GeorgeJohn on October 17, 2023, 03:52:00 PM

Op theirs something I will you to understand concerning trading, basically trading is all about your determination and it's also like that in bitcoin investment, because whosoever that investment in bitcoin have it in mind that either they make profit during the process or they invest without gaining profits.

Someone who is a trader knows the risks that is involve in trading, one thing about trading is that is not something someone can force you to venture into, it a personal decision or intension of someone to involve in trading, and before you join a trading you know quite well that it deals with skill and you have to learn very well before you risk your money in trading.

Trading is risky as you said you can either loose money or make money but not everyone knows the level of risk involve. Some wants to use is a get rich quick scheme because they have seen successful traders only for them to loose more money and be in debt. It takes a lot of courage and discipline to retain your capital and it takes great skill to make profit as you have to make good decision that will keep your trade green.

GeorgeJohn

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Op theirs something I will you to understand concerning trading, basically trading is all about your determination and it's also like that in bitcoin investment, because whosoever that investment in bitcoin have it in mind that either they make profit during the process or they invest without gaining profits.

Someone who is a trader knows the risks that is involve in trading, one thing about trading is that is not something someone can force you to venture into, it a personal decision or intension of someone to involve in trading, and before you join a trading you know quite well that it deals with skill and you have to learn very well before you risk your money in trading.

lixer

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Quote from: Vaculin on October 10, 2023, 04:53:47 PM

You know, you will definitely know that it’s time to stop trading when your losses have outnumbered your winnings. Trading is not like gambling that you are always bound to lose, but it can even give you bigger chances of making you in profits especially if you have the knowledge and skills to trade. But not everyone is as good as the other. Some traders are experiencing the best of their trades, while others are living miserably with trading. If you are feeling like trading is not helping you at all, then better leave trading for good while your losses are still in controlled.

In trading, it's important to have different strategies and constantly improve the existing ones that we are using because the market is changing from time to time. Trading is not like gambling where we can experience a fun. There is a thrill but I think trading is like a career which goal is to give us a profit. If it doesn't work this way, we need to quit on it before we lose more money. I only like to look back on what you have said earlier about gambling.

If you see gambling as a way to make a profit, chances are that you will mostly lose huge amounts of money. Gambling is not like that, and it's not built only for us to lose because in exchange of the money that we spend, we get entertainment.

RioBlemz

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Quote from: Litzki1990 on October 13, 2023, 01:44:50 AM

A trader has to think about all aspects of trading. If a trader is regularly losing in trading then he must understand that there is something wrong in his trading strategy due to which he is not able to succeed in trading. Where there are mistakes in his trading strategy must find those mistakes and work on those mistakes. Professional traders who have no anger emotion or pride in their work will only try to work through their skills. Emotions anger is not business with these, to be successful in business you need to have understanding of business you don't have anger or emotions. Risks must be taken but in the right coin, one must be patient and not invest in the wrong place.

Well said. Strategy in trading is built with in time and you must have back tested it to be sure of its working ability. The thing is that we are much in a haste that we are not observant of what is going on in the market. Professional traders have learnt with experience not to panic and to stay put with there analysis. Study the instrument, study the coin, study the chart, know the right strategy to adopt.

Litzki1990

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A trader has to think about all aspects of trading. If a trader is regularly losing in trading then he must understand that there is something wrong in his trading strategy due to which he is not able to succeed in trading. Where there are mistakes in his trading strategy must find those mistakes and work on those mistakes. Professional traders who have no anger emotion or pride in their work will only try to work through their skills. Emotions anger is not business with these, to be successful in business you need to have understanding of business you don't have anger or emotions. Risks must be taken but in the right coin, one must be patient and not invest in the wrong place.

barisbilgili

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Quote from: lienfaye on October 12, 2023, 08:13:11 PM

Quote from: RioBlemz on September 27, 2023, 07:39:39 AM

It is not a must to take every trade and it is not a must to trade. Have you experience difficulty in the Financial Market or disappointment that affected your well being.

It's inevitable to face losses in trading even you're knowledgeable or a skillful trader. Because not all the time, everything you've planned for will going to happen. Thus, it's a must to be prepared in this kind of situation to not be discourage or disappointed that can affect you to just quit.

Well, we're the ones who can tell if it's already time to stop or continue being a trader. If you think it's not healthy anymore mentally (for overthinking) and financially, then don't be hard on yourself. Trading might be profitable but it's not for everyone since not all are able to profit. Therefore, try to improve to minimize the chances of having losses. If it's not working, trading might not suited for you, just like some traders who quit and look for other opportunity.

Every person has different ways of dealing with the losses they experience in trading, there are those who will not try again and there are also those who correct mistakes to create future experience and correct their mistakes so that they keep trying again until they feel the profits from trading. Yes, only we ourselves can understand whether we are still able to do it or not. If we are no longer able to do it then we can try other things to generate wealth.

lienfaye

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Quote from: RioBlemz on September 27, 2023, 07:39:39 AM

It is not a must to take every trade and it is not a must to trade. Have you experience difficulty in the Financial Market or disappointment that affected your well being.

It's inevitable to face losses in trading even you're knowledgeable or a skillful trader. Because not all the time, everything you've planned for will going to happen. Thus, it's a must to be prepared in this kind of situation to not be discourage or disappointed that can affect you to just quit.

Well, we're the ones who can tell if it's already time to stop or continue being a trader. If you think it's not healthy anymore mentally (for overthinking) and financially, then don't be hard on yourself. Trading might be profitable but it's not for everyone since not all are able to profit. Therefore, try to improve to minimize the chances of having losses. If it's not working, trading might not suited for you, just like some traders who quit and look for other opportunity.

EarnOnVictor

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Quote from: Sanitough on October 11, 2023, 03:59:50 PM

Quote from: South Park on October 04, 2023, 02:44:29 PM

Quote from: Bananington on October 04, 2023, 10:04:47 AM

Just as a skillful soccer player knows when to run with the ball and when just to hold the ball, a skillful trader should know that there is no need to always trade, and the need to know when to trade, and when to just observe the market. knowing that can also help to improve the profit they make by reducing the losses they can make by trading at wrong times.

Another time to avoid trading is during holidays.

That is a good point, traders are used to take action whenever they see something happening on the market, so eventually this becomes their default reaction to anything, but this is a mistake, there are market conditions that should not be traded and the best thing you can do is to simply go out and do something you enjoy instead of staring at your screen, however for a trader this is something very difficult to do, so they will try to trade during those difficult market conditions and lose a lot of money they could have saved themselves by literally doing nothing.

If you develop addiction in trading, then all you want to do is just to trade even when the market is not suitable to trade. Instead of just observing the market or enjoying your other habits, but because of greed you insist to keep on trading and see yourself losing in the end. This is not actually good, but if losing could be the only way to learn your lesson, then probably it will help you instead to realize that trading all the time is not a must. You must know when to trade and when not to, that’s the only way so you can maximize your gains and at some point, lessen your losses as well.

Losing, or should I call it failure in trading and in life might be a reason for some people to learn more and be more adequate next time. But this is not always the case in trading as it might ruin some people due to its addiction and they might have the motivation every now and then that it would change and they would be better, but such might never happen.

I was in a similar situation many years ago, and for over 10 years I was just wasting my money. This is because I believe that I always know the mistakes I made that caused the previous losses. I would try to adjust but make a worse mistake the next time, and it went on like that until I discovered that my problem was psychological, and we all know it, psychological problem is not easy to overcome. This is the problem of many traders losing today, only a very few will actually make it while others will continue to lose money.

Should they now quit? The answer solely lies with them.

Obari

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Op you’re points are all accurate and just like gambling and it’s addiction, a lot of traders don’t really know when to stop especially when the winning and successes keeps coming and at some point, success seems to be a trap which most traders don’t know how to avoid.
Another thing is emotions and doubt, the most you aren’t certain about a particular entry, then it is wise that not to enter a trade because it is a sign of emotions playing with us.

Quote from: 2double0 on October 11, 2023, 04:09:04 PM

Most people stop at a point where they are about to get their best trade. This is like accepting defeat just before reaching the true destination. That's not how it works.

I’m sorry to say but this mindset isn’t a very nice one because with this mindset, one would never know when to stop because of the hope of hitting a win and this is exactly same fate with a gambler and trading isn’t gambling and we ought to knows when to stop

Topic: Stop Trading - page 3. (Read 1041 times)